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Black Bear Square 340 NW 5th St 5,983 SF of Retail Space Available in Redmond, OR 97756
HIGHLIGHTS
- High quality restaurant in Class A commercial building near downtown
- Prominent building signage available
- Other tenants in building include St. Charles Center for Women’s Health and Best Care Treatment Services
- Excellent visibility on the corner of 5th Street and Cedar Avenue
- Dining capacity is 142 with additional patio seating on south side of building
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 107 | 5,983 SF | 3-20 Years | $29.31 CAD/SF/YR $2.44 CAD/SF/MO $175,388 CAD/YR $14,616 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 107
Build-out includes main dining room, counter service bar, banquet room, private restrooms, and a large commercial kitchen with 23’ hood and walk-in cooler
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 5,983 SF | Year Built | 2008 |
| Property Type | Retail | Parking Ratio | 2.05/1,000 SF |
| Property Subtype | Storefront Retail/Office | Cross Streets | Dogwood |
| Gross Leasable Area | 24,335 SF |
| Total Space Available | 5,983 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 24,335 SF |
| Year Built | 2008 |
| Parking Ratio | 2.05/1,000 SF |
| Cross Streets | Dogwood |
ABOUT THE PROPERTY
This high-quality restaurant space is located in a Class A commercial building near downtown Redmond, offering excellent visibility on the corner of 5th Street and Cedar Avenue. Prominent building signage is available, ensuring high exposure and easy access for potential customers. The property is surrounded by established tenants, including St. Charles Center for Women’s Health and Best Care Treatment Services, making it an ideal location for a thriving restaurant business. Don't miss this opportunity to establish your restaurant in a prime location with great visibility and strong potential for growth.
- 24 Hour Access
NEARBY MAJOR RETAILERS
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Black Bear Square | 340 NW 5th St
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